Endogenous Growth in Open Economies - A Survey of Major Results

Alberto Pozzolo

Economics & Statistics Discussion Papers from University of Molise, Department of Economics

Abstract: Endogenous growth has set a new paradigm for macroeconomic analysis. This paper overviews the most relevant theoretical contributions of this literature for the analysis of open economies, highlighting their implications both for the effects of crosscountry integration on output convergence and for the overall growth performance of the integrated economy, as compared to that of an identical group of autarchic countries. The literature is divided into three major classes, studying, respectively, the effects of factor mobility, the role of international trade, and the consequences of technology diffusion. The main conclusion is that knowledge spillovers can go a long way in explaining the differences in growth performances across countries, but additional research is needed to completely understand the mechanisms driving their international diffusion.

Keywords: endogenous growth; open economies; international spillovers. (search for similar items in EconPapers)
JEL-codes: F2 O4 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2004-09-13
New Economics Papers: this item is included in nep-dev and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://web.unimol.it/progetti/repec/mol/ecsdps/ESDP04020.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:mol:ecsdps:esdp04020

Access Statistics for this paper

More papers in Economics & Statistics Discussion Papers from University of Molise, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Claudio Lupi ().